industryWill speed up

Machinery basic parts: the enormous room for import substitution of mechanical industry research institutes: Galaxy securities analyst: Qiu Shiliang, Ju Houlin writing dates: 2011-06-27 machine components market is much larger than the engineering machinery, future space scale of large machine components industry output is almost 3 times the construction machinery industry. Number of listed companies will be offered in the future, industryWill speed up, is expected to emerge as a major sections. Annual import replacement space in the next 5 years more than 300 billion yuan China machinery basic parts manufacturing domestic market share of around 65%. On the part of machine components imported data and production situation of multinationals in China, we expect the next 5 years average annual import substitution of basic mechanism of space at more than $ 300 billion."Twelve-Five" industry will keep 15% per cent growth during the State will increase on key parts of machinery basic parts in particular support. We believe that demand will remain steady and fast development of downstream industries; machinery basic parts exports is higher than mechanical industry, will continue to maintain that trend; lies not only in the field of machine components supporting machinery, as well as military, electronic, New industries, etc. We believe that the "Twelve-Five" during the machine components ensure an average annual increase of capacity. Machinery basic parts we believe industry consolidation is inevitable trend machine components industry segmentation of the industry leaders in the future is bound to strengthen the industry consolidation, which rise as Sweden SKF, and Germany from Bosch Rexroth, and Germany Schaeffler, and Germany ZFAnd the United States Timken, and Japan NSK, and Japan NTN famous world-class infrastructure enterprise. We are optimistic about flexible, core technology and outstanding private enterprises. Investment advice: bearings industry is expected to lead to breakthroughs swtor power leveling, recommended "tianma shares" we first give the machine components industry "recommended" rating. Bullish on track to gain first in import substitution processRupture of the bearing industry, particularly promising mechanism is flexible, standard management and a core technology for excellent private-owned enterprises, recommended "tianma shares". Gold-line statement: Gold-line reproduced above the old republic power leveling, does not indicate that confirm the description for investor use only and does not constitute investment advice. Investors a basis for action, at your own risk.